LVMH Names Deputy CEO of Beauty Division, Parfums Christian Dior
Philippe Farnier, a longtime LVMH executive, will step into the new role effective immediately, reporting to divisional head Véronique Courtois.
earnings-report
Financial Markets
Fast Retailing Hits Two-Week Low as Warm Winter Hurt Japan Sales
Fast Retailing Co. fell to the lowest in two weeks after its Uniqlo chain of casual-wear reported a dip in Japanese same-store sales last month amid “unusually hot weather” that stifled sales of winter clothing.
Fast Retailing Hits Two-Week Low as Warm Winter Hurt Japan Sales
Fast Retailing Co. fell to the lowest in two weeks after its Uniqlo chain of casual-wear reported a dip in Japanese same-store sales last month amid “unusually hot weather” that stifled sales of winter clothing.
Financial Markets
PVH Beats 3Q Profit Forecasts
PVH Corp. on Wednesday reported fiscal third-quarter profit of $221.9 million. The results beat Wall Street expectations.
PVH Beats 3Q Profit Forecasts
PVH Corp. on Wednesday reported fiscal third-quarter profit of $221.9 million. The results beat Wall Street expectations.
Financial Markets
Aeropostale Reports 3Q Loss
Aeropostale Inc. on Wednesday reported a loss of $26.4 million in its fiscal third quarter. The results topped Wall Street expectations.
Aeropostale Reports 3Q Loss
Aeropostale Inc. on Wednesday reported a loss of $26.4 million in its fiscal third quarter. The results topped Wall Street expectations.
Financial Markets
G-III Apparel Beats 3Q Profit Forecasts
G-III Apparel Group Ltd. on Wednesday reported fiscal third-quarter earnings of $87.2 million. The results exceeded Wall Street expectations.
G-III Apparel Beats 3Q Profit Forecasts
G-III Apparel Group Ltd. on Wednesday reported fiscal third-quarter earnings of $87.2 million. The results exceeded Wall Street expectations.
Retail
Teenage Wasteland: Can Wet Seal Be Saved?
At Wet Seal, new money, new leadership, old problems. Here's what chief executive Melanie Cox is doing about it.
Teenage Wasteland: Can Wet Seal Be Saved?
At Wet Seal, new money, new leadership, old problems. Here's what chief executive Melanie Cox is doing about it.
Financial Markets
Lululemon Drops After FBR Cuts Rating, Citing Heavy Discounting
Lululemon Athletica Inc. tumbled as much as 7 percent after FBR & Co. downgraded the stock, saying the yogawear brand is facing a pileup in inventory and heavier discounting.
Lululemon Drops After FBR Cuts Rating, Citing Heavy Discounting
Lululemon Athletica Inc. tumbled as much as 7 percent after FBR & Co. downgraded the stock, saying the yogawear brand is facing a pileup in inventory and heavier discounting.
Financial Markets
Guess Tops 3Q Profit Forecasts
Guess Inc. on Tuesday reported fiscal third-quarter earnings of $12.4 million. The results beat Wall Street expectations.
Guess Tops 3Q Profit Forecasts
Guess Inc. on Tuesday reported fiscal third-quarter earnings of $12.4 million. The results beat Wall Street expectations.
Financial Markets
Tiffany Profit Trails Estimates as Strong Dollar Hurt Sales
Tiffany & Co. posted third-quarter profit that trailed analysts’ estimates and cut its forecast for earnings this year as the strong dollar weighs on revenue.
Tiffany Profit Trails Estimates as Strong Dollar Hurt Sales
Tiffany & Co. posted third-quarter profit that trailed analysts’ estimates and cut its forecast for earnings this year as the strong dollar weighs on revenue.
Financial Markets
Hugo Boss Says Sales Next Year Will Miss Forecast on US, China
Hugo Boss AG said sales next year will miss a long-term target of high single-digit growth as demand continues to slump in the US and China.
Hugo Boss Says Sales Next Year Will Miss Forecast on US, China
Hugo Boss AG said sales next year will miss a long-term target of high single-digit growth as demand continues to slump in the US and China.
Financial Markets
Retail Stocks Rally After Ross, Foot Locker Beat Sales Estimates
Retail stocks rallied on Friday after Ross Stores Inc., Abercrombie & Fitch Co. and Foot Locker Inc. reported better-than-expected sales, giving a boost to an industry that’s been battered in recent weeks.
Retail Stocks Rally After Ross, Foot Locker Beat Sales Estimates
Retail stocks rallied on Friday after Ross Stores Inc., Abercrombie & Fitch Co. and Foot Locker Inc. reported better-than-expected sales, giving a boost to an industry that’s been battered in recent weeks.
Financial Markets
Abercrombie Shares Rise After Third-Quarter Sales Top Estimates
Abercrombie & Fitch Co. soared as much as 22 percent in early trading after third-quarter revenue topped analysts’ estimates, helped by rebounding sales at its Hollister unit.
Abercrombie Shares Rise After Third-Quarter Sales Top Estimates
Abercrombie & Fitch Co. soared as much as 22 percent in early trading after third-quarter revenue topped analysts’ estimates, helped by rebounding sales at its Hollister unit.
Financial Markets
Gap Cuts Annual Profit Forecast as Its Sales Continue to Slide
Gap Inc., the largest apparel-focused retailer in the US, cut its full-year profit forecast after declining sales and heavy discounting dragged down results.
Gap Cuts Annual Profit Forecast as Its Sales Continue to Slide
Gap Inc., the largest apparel-focused retailer in the US, cut its full-year profit forecast after declining sales and heavy discounting dragged down results.
The News in Brief
Reliance Retail Acquires Pahadi Local
India’s largest retailer has acquired Himalayan skincare brand Pahadi Local amid a global surge in demand for Indian beauty and wellness.
Henkel Acquires Hair Care Brand Not Your Mother’s
The German consumer giant is expanding its US hair care presence with the the fast-growing, teen-favourite brand.
Muji Is Turning Skincare Into Its Next Growth Engine
The Japanese retailer is betting on its fast-growing, value-for-money skincare products to drive growth at home and abroad.
Fast Fashion Garments Pile Up in South Asia as Middle East Conflict Grounds Planes
Shipments of garments for major retailers are stranded at airports in Bangladesh and India as the conflict in the Middle East forces airlines cancel flights.
Saks Global to Shut 15 More Stores as Part of Restructuring
The luxury retailer, which filed for bankruptcy earlier this year, will close more stores as it tries to cut losses and focus on more profitable, higher-end locations.
Nike’s Latest SEC Filing Revives Converse Sale Speculation
In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
US Economy Unexpectedly Loses Jobs in February; Unemployment Rate Rises to 4.4%
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.